Tag: opec
Russia won’t flood market with oil, Barkindo says
Russia has pledged not to abandon a deal with OPEC to keep a lid on oil supplies, even as crude…
Oil price rise as OPEC reaffirm commitment to supply cuts
Oil prices rose on Thursday after a survey showed OPEC’s commitment to its supply cuts remains in place.
OPEC may set output quotas for Nigeria, Libya – Oman Oil Minister
OPEC and other oil-producing states could set quotas on oil production for Nigeria at 1.8 million barrels per day and…
Oil price rises, uncertainty lingers ahead of OPEC meeting
Oil prices rose on Thursday ahead of an OPEC meeting in Vienna at which producers are expected to extend a…
OPEC to decide Nigerian, Libyan oil output – Sources
OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded…
Tough OPEC meeting looms amid specter of oil deficit
OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that its efforts to rebalance the oil market might…
OPEC+ Will Continue To Support Nigerian Oil Output
Saudi Energy Minister Khalid al-Falih said Monday that OPEC 10 other major oil producers remained supportive of conflict-torn Libya and…
OPEC compliance with oil cuts at lowest – IEA says
The International Energy Agency (IEA) says OPEC’s compliance with production cuts fell in June to its lowest levels in six…
Nigeria to maintain crude output as cut extended
Nigeria will maintain its crude output of 2.2 million barrels per day, according to the outcome of the Organisation of…
NYSC, Nigeria’s best unification tool – Presidential Adviser
Dr Sheku Kamara, The Sierra Leone Presidential Adviser on Youth has said that the National Youth Service Corps (NYSC) scheme,…
OPEC Extends Oil Output Cut
OPEC decided on Thursday in Vienna to extend cuts in oil output by nine months to March 2018 to further…
Equatorial Guinea joins OPEC
Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of the Organisation of the Petroleum Exporting…
Barkindo: OPEC committed to restoring market stability
OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to…
OPEC figures show oil output cuts exceed pledge in March
OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter…
OPEC’s war on oil overhang starts to bear fruit
OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in…